- Issuer
- William Blair
- Inception Date
- Aug 26, 2021
- Category
- China Equities
- Min. Investment
- $500,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
WICGX Performance Chart
William Blair China Growth Fund (WICGX) is up 14.4% since the beginning of the year. WICGX is currently trading at $7 per share.
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Returns By Period
William Blair China Growth Fund (WICGX) has returned 14.40% so far this year and 31.92% over the past 12 months.
William Blair China Growth Fund
- 1D
- 4.18%
- 1M
- 7.17%
- YTD
- 14.40%
- 6M
- 13.01%
- 1Y
- 31.92%
- 3Y*
- 9.09%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
WICGX Monthly Returns History
Based on dividend-adjusted daily data since Feb 2, 2022, WICGX's average daily return is 0.00%, while the average monthly return is +0.04%. At this rate, an investment would double in approximately 144.4 years.
Historically, 49% of months were positive and 51% were negative. The best month was Nov 2022 with a return of +22.1%, while the worst month was Oct 2022 at -15.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 4 months.
On a daily basis, WICGX closed higher 44% of trading days. The best single day was Mar 16, 2022 with a return of +9.6%, while the worst single day was Apr 7, 2025 at -8.1%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.05% | -3.06% | -7.67% | 7.82% | 6.65% | 5.81% | 14.40% | ||||||
| 2025 | 0.57% | 4.69% | 2.15% | -4.56% | 4.23% | 4.06% | 1.02% | 8.89% | 7.40% | -3.59% | -2.98% | 0.99% | 24.24% |
| 2024 | -9.65% | 10.68% | -1.44% | 6.88% | -0.39% | -1.57% | -3.78% | -2.89% | 21.28% | -6.84% | -1.88% | 3.16% | 10.36% |
| 2023 | 10.68% | -9.93% | 2.02% | -7.61% | -10.71% | 1.29% | 6.92% | -7.67% | -4.24% | -3.66% | 1.80% | -3.91% | -24.29% |
| 2022 | -3.20% | -11.44% | -6.66% | 1.85% | 8.82% | -10.68% | -3.60% | -11.81% | -15.76% | 22.13% | 6.43% | -26.26% |
Benchmark Metrics
William Blair China Growth Fund has an annualized alpha of -5.30%, beta of 0.42, and R2 of 0.09 versus S&P 500 Index. Calculated based on daily prices since February 02, 2022.
- This fund participated in 55.13% of S&P 500 Index downside but only 16.01% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.42 may look defensive, but with R2 of 0.09 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.09 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- -5.30%
- Beta
- 0.42
- R²
- 0.09
- Upside Capture
- 16.01%
- Downside Capture
- 55.13%
Expense Ratio
WICGX has a high expense ratio of 1.01%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
WICGX ranks 28 for risk / return — below 28% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for William Blair China Growth Fund (WICGX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WICGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 2.78 | -0.54 |
| Martin ratioReturn relative to average drawdown | 6.20 | 12.44 | -6.24 |
Dividends
Dividend History
William Blair China Growth Fund provided a 0.73% dividend yield over the last twelve months, with an annual payout of $0.05 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.05 | $0.05 | $0.07 | $0.02 |
Dividend yield | 0.73% | 0.84% | 1.38% | 0.43% |
Monthly Dividends
The table displays the monthly dividend distributions for William Blair China Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.05 | $0.05 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.07 | $0.07 |
| 2023 | $0.02 | $0.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the William Blair China Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the William Blair China Growth Fund was 50.35%, occurring on Feb 2, 2024. The portfolio has not yet recovered.
The current William Blair China Growth Fund drawdown is 13.80%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2024 bear market2024 | -50.35%Feb 2024 | 1y 11mo | — | 4y 4moFeb 2022 - now |
Drawdown Indicators
| WICGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.35% | -56.78% | +6.43% |
Max Drawdown (1Y)Largest decline over 1 year | -13.55% | -9.10% | -4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -24.72% | -18.90% | -5.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -13.80% | -1.80% | -12.00% |
Average DrawdownAverage peak-to-trough decline | -32.16% | -10.71% | -21.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.88% | 2.03% | +2.85% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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